🏡 Credit Linked Subsidy Scheme (CLSS) – Full Details, Eligibility & Toll-Free Helpline Numbers
The Credit Linked Subsidy Scheme (CLSS) is a vital component under the Pradhan Mantri Awas Yojana – Urban (PMAY-U) that aims to make home loans more affordable for India's urban population. This scheme helps Economically Weaker Sections (EWS), Low Income Groups (LIG), and Middle Income Groups (MIG) reduce their housing loan burden through an interest subsidy directly credited to their loan accounts.
📞 CLSS Toll-Free Helpline Numbers
If you need support or have queries, here are the official CLSS helpline numbers:
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NHB (National Housing Bank): 1800-11-3377 / 1800-11-3388
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HUDCO (Housing & Urban Development Corporation): 1800-11-6163
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SBI (State Bank of India): 1800-11-2018
🎯 Objective of CLSS
The main goal of CLSS is to boost institutional credit access for the housing needs of the urban poor by offering interest subsidies. This demand-side intervention aims to reduce the effective EMI and loan burden on eligible beneficiaries.
The interest subsidy amount is credited upfront to the borrower’s home loan account via the Primary Lending Institution (PLI). The Net Present Value (NPV) of the subsidy is calculated at a discount rate of 9%.
👥 CLSS for EWS & LIG Categories
✅ Who is Eligible?
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Economically Weaker Section (EWS): Annual income up to ₹3 lakh
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Low Income Group (LIG): Annual income between ₹3 lakh and ₹6 lakh
💰 Subsidy Details:
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Interest Subsidy Rate: 6.5%
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Loan Tenure: Up to 20 years (or actual loan tenure, whichever is less)
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Maximum Loan for Subsidy: ₹6 lakh
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Usage: For new home construction, purchase, or incremental housing like adding a kitchen, room, or toilet.
📐 Carpet Area Limit:
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EWS: Up to 30 sq. meters
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LIG: Up to 60 sq. meters
You may construct a bigger house, but the interest subsidy will apply only to the first ₹6 lakh of the loan.
👨👩👧 CLSS for Middle Income Group (MIG-I & MIG-II)
💼 Income Brackets:
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MIG-I: ₹6 lakh – ₹12 lakh per annum
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MIG-II: ₹12 lakh – ₹18 lakh per annum
💸 Subsidy Structure:
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MIG-I: 4% subsidy on loans up to ₹9 lakh
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MIG-II: 3% subsidy on loans up to ₹12 lakh
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Loan Tenure: Up to 20 years (or actual loan tenure, whichever is less)
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NPV Calculation: At 9% discount rate
🏠 Carpet Area Limits:
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MIG-I: Up to 160 sq. meters
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MIG-II: Up to 200 sq. meters
Loans exceeding ₹9 lakh or ₹12 lakh will not get a subsidy on the extra amount.
🏦 Central Nodal Agencies (CNA)
The following institutions are responsible for distributing the subsidy and monitoring the scheme:
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National Housing Bank (NHB)
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Housing and Urban Development Corporation (HUDCO)
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State Bank of India (SBI)
More CNAs may be added in the future as per government notifications.
⚠️ Important Note:
Under PMAY-U, a beneficiary can avail of benefits under only one component, not multiple.
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Get complete details on Credit Linked Subsidy Scheme (CLSS) under PMAY. Know eligibility, interest rates, MIG/LIG benefits & toll-free helpline numbers
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